Governor Charles D. Baker's Budget Recommendation - House 1 Fiscal Year 2018

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Credits Against Tax

Fiscal Year 2018 Resource Summary (in Millions)
TAX EXPENDITURE FY2014 FY2015 FY2016 FY2017 FY2018
Credits Against Tax 462.2 549.1 561.3 606.8 653.7

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item description amount
Credits Against Tax 653.7
2.602 Investment Tax Credit 77.2
2.603 Vanpool Credit Negligible
2.604 Research Credit 242.4
2.605 Economic Development Incentive Program Credit 23.1
2.606 Credit for Employing Former Full-Employment Program Participants Not Active
2.607 Harbor Maintenance Tax Credit 1.2
2.608 Brownfields Credit 48.5
2.609 Low Income Housing Credit 95.5
2.610 Historic Buildings Rehabilitation Credit 45.1
2.614 Film (or Motion Picture) Credit 78.0
2.615 Medical Device User Fee Credit 1.9
2.617 Life Sciences Tax Incentive Program 25.0
2.618 Dairy Farmers Credit $0.0
2.619 Conservation Land Credit $0.0
2.620 Employer Wellness Program Tax Credit 3.8
2.621 Community Investment Tax Credit 3.0
2.622 Certified Housing Development Tax Credit 9.0

Key:

ORIGIN
IRC Federal Internal Revenue Code (26 U.S.C.)
M.G.L. Massachusetts General Laws
U.S.C United States Code
ESTIMATES All estimates are in $ millions.

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